March 30, 2016–Comtech Telecommunications Corp. (Nasdaq: CMTL) announced today that it has signed multi-million dollar contracts to provide location, navigation and messaging capability to enhance the connected car experience for two Fortune 100 customers.
“We are pleased that these Fortune 100 companies selected our Look4TM and Cloud Messaging Center platforms to manage their logistics and transportation requirements and direct communication experience. These contract awards demonstrate demand for our location and messaging platforms that provide for advanced capabilities and ease of integration.”
In commenting on the deployments, Dr. Stanton Sloane, President and Chief Executive Officer of Comtech Telecommunications Corp., said, “We are pleased that these Fortune 100 companies selected our Look4TM and Cloud Messaging Center platforms to manage their logistics and transportation requirements and direct communication experience. These contract awards demonstrate demand for our location and messaging platforms that provide for advanced capabilities and ease of integration.”
For one of the Fortune 100 customers, Comtech is providing navigation point-to-point routing and geocoding. The location-centric platform works with or without an Internet connection and integrates real-time traffic to ensure the most efficient routing. For the other Fortune 100 customer, Comtech’s Family Locator will allow their consumers to keep connected with family members. Consumers can locate family members’ devices and receive location alerts about the devices. Consumers can view location in bird’s eye, satellite or standard map views.
Comtech’s Look 4TM platform allows end customers to create a highly scalable, global system that can be used for precise and trusted location across a variety of industries, such as hospitality, medical, logistics, transportation, asset management and more.
Comtech’s Cloud Messaging platform, which handles more than 700 billion messages per year, is able to provide enterprise customers a reliable and cost-effective system to deliver critical messages to their end customers. By using this advanced messaging platform, notification and messaging group size can be virtually limitless and the platform’s message throttling function protects networks from overload and lost messages.
In addition to these multi-million dollar contracts with these two Fortune 100 companies, Comtech’s location-based services, navigation and mapping platforms have been deployed by a number of large companies in the telecommunications, automotive, and consumer electronics industries.
Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company sells products to a diverse customer base in the global commercial and government communications markets. The Company believes it is a leader in most of the market segments that it serves.
Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such Securities and Exchange Commission filings.